Petroleum Essays

Venezuela, Oil Industry

Introduction The economy of Venezuela is highly dependent on revenues from the oil industry. The export of oil represent 95% of the total export of the country, 40% of the budget revenues and 12% of the GDP (CIA The World Factbook, 2012). Venezuela is one of the founding countries of OPEC and is one of the fifth largest memberс. In the past, from 1950s to 1980s, the country’s economy was steadily growing, and during that time period, the country prospered…

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Apache Corporation

Apache Corporation was formed in 1954, based on the idea of becoming significant and prosperous in the oil industry. The company took $250,000 of investor capital, paired it with fierce determination and now Apache Corporation is considered one of the top independent oil and gas exploration and production companies in the world (“Apachecorp.com”, 2012). Apache Corporation operates in both domestic and international markets exploring for, developing, and producing natural gas, crude oil, and natural gas liquids (“Apachecorp.com”, 2012). On December…

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Benefits of Oil Drilling

I am very intrigued by the oil drilling industry. I really hadn’t put much thought into the industry until around three years ago. Since then I have seen many arguments on the pros and cons of drilling for oil either offshore or inland. Some of which I completely understand and believe changes should be put into place soon so that we do not cause more damage than necessary. Numerous arguments though are just people looking to place blame and are…

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The Comparative Advantage of Using Electric Tricycle

“The atmosphere is already menaced: several harmful substances are changing their composition, with possible catastrophic consequences. ” This is according to an article written by Dieter Schwab (2004). And this is also the reason why global warming or more-correctly climate change is a hot topic these days. Needles to say, the main culprit allegedly for the acceleration of this global climate scenario is the unstoppable expansion of CO2 (Carbon Dioxide) emissions into the atmosphere. Carbon dioxide which is mostly emitted…

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Problems of International Trade Case Study_ Nigeria

1. INTRODUCTION International trade is the exchange of goods and services among countries for money. This involves the importation and exportation of goods and services. Many countries in the world are faced with problems engaging in international trade successfully. However international trade is one of the major determinants of a countries economic growth. Ideally every country should export more goods and services than it import goods and service. This differs on the natural resources, technology and labour force. Nigeria is…

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Statoil Asa

Statoil ASA is a Norwegian Renewable Energy, Oil and Gas company, where the government of Norway is the main shareholder with 67 % of the shares. Statoil was established as a wholly state-owned company on 14th of July in 1972, and it was ranked as the 13th biggest Oil and Gas Company in the world by Fortune Magazine. Statoil is today a considerable international company, with 22.000 employees in 36 countries all over the world and it is Europe’s second…

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Conclusion About Spratly Island

The geographical location of the South China Sea is very important. It is a route that fishermen must take, is rich in fishery resources and has very rich petroleum reserves. This has made it a bone of contention between the countries in the region, resulting in a never-ending conflict, especially in the Spratly Islands. Each littoral state has occupied islands as a means of declaring their sovereignty over them, so there is a high level of tension in the area….

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Power and Energy Crisis of Bangladesh

Introduction Bangladesh is a country that has been exploited by many super powers in the past. 1st it was the British and then stated the Pakistani regime. Continuously oppressed and exploited by these powers the resources of this country were already half exhausted. When Bangladesh emerged on 1971, the country started a new journey towards self sufficiency with whatever left over resources she had. And with those Bangladesh has maintained her pride among the developing countries for more than 40…

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Oil Crisis of the 1970s

Why did the U.S. enter an energy crisis in the 1970s? The United States entered an energy crisis in the 1970s for several reasons that were to some point self-inflicted. One of the contributing factors was the United States involvement in the development and arming of Israel. While the Soviet Union was sending arms to Syria and Egypt, the United States via President Richard Nixon was helping Israel defend their boarders and people by supplying them with arms. This in…

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Pakistan State Oil

As according to BCG MATRIX are those compounds which have high growth rate and big share in the market so here in the case of Pakistan State Oil CNG (Compressed Natural Gas) is included in stars because the CNG of PSO is very pure and the pressure of CNG on the petrol pumps is very high but whereas the CNG of other petrol pumps is not very pure. The CNG of other petrol pumps also contain small amount of air…

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British Petroleum and Recommendations for Improvement and Success

Abstract This paper will look at British Petroleum, BP, one of the largest oil companies in the world. Following the Gulf Oil Spill does BP have sustainability in this market? This paper will examine the early history of the company. It will look at the competitive advantages of the organization by looking at its SWOT analysis. The company’s market strategy will be examined including its growing interest into alternative fuels. Its internal structure will be compared to the persona that…

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Oil and Gas Production Industry

Oil and gas are the key generators of the world nowadays that helps to uphold the concept of globalization. The flow of goods and capitals that require transportations and energy depends directly from the oil and gas production. As the main sources of energy and its nature of scarcity, this commodity is vulnerable to fierce competition in the global market. One of the major producer and global exporter of oil and gas is a country in Sub Saharan Africa, Nigeria….

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Cold Environments Case Study Alaska

Location * State in the United States-international boundary with Canada to the east, arctic ocean to the north * Largest state in United States by area, however least densely populated Economy * GDP in 2007: $64,333 * Per capita personal income : $40,042, rank :15th in nation * Oil and gas industry dominates the Alaskan economy * More than 80% of states revenues derived from petroleum extraction * Main export : seafood , agriculture represent only fraction of economy *…

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Tax File Memorandum

SUBJECT: Peaceful Pastures Funeral Home, Inc. (Peaceful)IRS Audit Notice Today I met with Peaceful to discuss the IRS audit notice they received regarding the reporting of income from Peaceful’s prepaid program. FACTS: Peaceful does not report payments received from a preneed contract as income until the year in which the funeral service is provided. Peaceful’s preneed contract allows for a refund of payments at the contract purchaser’s request any time until the goods and services are provided. ISSUE: Should Peaceful…

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Hydroelectric Power (with Bibliography)

There’s more to this water sourced energy than meets the eye! Hydroelectric energy is the simplest and first technology to generate electricity. It was first developed using dams, timber, or granite. Using this –with the requirements of one gallon of water falling 100 feet- creates 1000 watts of electricity. There are currently 30 major power plants generating more than 2000 megawatts under construction. They have been running for many years. But wait, there’s more to this amazing energy source. Interestingly,…

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